Gevo shares are trading higher after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.
Portfolio Pulse from Benzinga Newsdesk
Gevo shares rise as the company secures a $1.46 billion DOE conditional commitment loan for its sustainable aviation fuel plant in South Dakota.
October 17, 2024 | 10:49 am
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Gevo shares are trading higher following the announcement of a $1.46 billion DOE conditional commitment loan for its sustainable aviation fuel plant.
The announcement of a significant $1.46 billion loan from the DOE is a major positive development for Gevo, as it supports the company's sustainable aviation fuel project. This financial backing is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100